Mrs. Cibalonza is the leader of the Chinyabuguma business association. She is 64 [years old]. Her husband is a vendor of sheet metal. They have three children, all in school. She is a woman who thinks big. She has been a vendor for over 49 years, having launched her business with the funds received from her husband. She is seeking this loan in order to buy seven sheets of metal. Her plan is to expand her business. She thanks Hekima for its support of female vendors in rural areas.
Madame Cibalonza est conseillère de l’association d’affaire Chinyabuguma. Agée 64 enfants, elle est mariée à un vendeur de tôles et ensemble ils ont 3 enfants tous scolarisés. Femme à grande vision, elle pratique le petit commerce il ya plus de 49 ans à partir de fonds reçu de son mari. Elle sollicite un nouveau credit pour acheter 7 tôles. Son vouloir est d’agrandir son entreprise. Elle remercie Hekima de soutenir les femmes rurales dans le petit commerce.
More information about this loan
HEKIMA is a microfinance institution headquartered in Goma, Democratic Republic of the Congo (DRC), with branch offices in Goma and Bukavu. HEKIMA aims to contribute to the transformation of the economic, social, and spiritual lives of the economically active poor of the DRC. To this end, HEKIMA provides its clients with solidarity group loans to support income-generating activities. Despite ongoing instability and violence in its operating areas, HEKIMA continues to keep its doors open and provide credit and savings services for its over 90% female clientele.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.